Nissan

A Japanese court on Sunday extended for 10 days the detention of former Nissan Motor chairman Carlos Ghosn, who is now dealing with fresh allegations of making the automaker shoulder $16.6 million in personal investment losses. The extension declared by the Tokyo District Court indicates Ghosn will remain in Tokyo’s main detention center, where he […]

Nissan Motor will lay off about 1,000 employees in Mexico at two factories, due to “challenging market conditions,” the company stated on Thursday. The layoffs will impact Nissan’s Cuernavaca and Aguascalientes manufacturing facilities. The company is still figuring out how the cuts will be distributed throughout the two plants but has already started laying off […]

Japanese prosecutors arrested Nissan Motor former chairman Carlos Ghosn again on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, cutting chances he would be released on bail before Christmas. Prosecutors also raided Ghosn’s residence in Tokyo in search of proof, broadcaster TV Asahi stated. The recent twist in this […]

Nissan Motor CEO Hiroto Saikawa failed to secure an expected meeting this week with the acting boss of alliance Renault to talk about the arrest of top executive Carlos Ghosn, a source informed Reuters on Wednesday. Tensions have risen between Nissan and Renault since Ghosn’s arrest in Japan over allegations that he understated his earning […]

The head of Nissan Motor and acting CEO of Renault will hold talks during a two day meeting of their automaking partnership starting on Tuesday, sources stated, amid a crisis in relations rocked by the arrest of Carlos Ghosn. Nissan CEO Hiroto Saikawa is going to meet Renault deputy CEO Thierry Bollore. It is their […]

Nissan Motor’s CEO called on directors at alliance partner Renault to listen its reasons for eliminating former Chairman Carlos Ghosn over alleged financial misconduct in middle of tensions over how to manage the fallout from his arrest. Renault’s interim chairman Philippe Lagayette stated on Friday that its board was not thinking about replacing Ghosn, who […]

Nissan Motor’s board is expected to meet on Monday, its first meeting since eliminating chairman Carlos Ghosn previous month, to decide on ways to enhance governance at the automaker in middle of increasing tensions with alliance partner Renault. The board is set to meet some time after 4:00 p.m. (0700 GMT), according to sources aware […]

Nissan Motor has filed a court claim against sister of Carlos Ghosn that references alleged “unjust enrichment”, escalating a fight being waged in Brazilian courts between the automaker and its former chairman. A court docket dated December 11 that was read by Reuters showed the Japanese automaker submitted a claim against Claudine Bichara de Oliveira. […]

Nissan Motor’s board is unlikely to decide on a chairman to succeed Carlos Ghosn as had been expected on December 17 after a panel tasked to select a candidate did not agree on a nominee in a meeting held Thursday, a source stated. The panel of the company’s three external directors agreed on Thursday that […]

Renault informed alliance partner Nissan to stop contacting the French company’s directors prior a Thursday board meeting as the Japanese automaker tried to share evidence of misconduct by its ousted chairman Carlos Ghosn, two sources stated. Ever since Ghosn’s November 19 arrest in Japan, Renault and the French government, the automaker’s biggest shareholder, have looked […]

A Tokyo court on Tuesday turned down former Nissan Motor chairman Carlos Ghosn’s appeal to end his detention after his arrest last month on alleged financial misconduct. Ghosn has been held in a Tokyo jail since he was arrested on November 19 on suspicion of conspiring to understate his earnings by about half of the […]

A Rio de Janeiro apartment having cash, art works and personal belongings of Carlos Ghosn has become the new battleground between the indicted former Nissan Motor chairman and the automaker. Ghosn is looking to retrieve “personal belongings, documents, cash, objects and art pieces” from the beachfront apartment, which is owned by Nissan. The company states […]

Tokyo prosecutors indicted ousted Nissan Motor chairman Carlos Ghosn for under-reporting his earnings and also formally charged the automaker, making the firm guilty for the financial misconduct scandal that has surprised the industry. Ghosn was arrested on November 19 on suspicion of conspiring to understate his income by about half of the actual 10 billion […]

Nissan stated it was looking to block former chairman Carlos Ghosn’s access to an apartment located in Rio de Janeiro, mentioning a risk that the executive, arrested and eliminated from his role for financial misconduct, may remove or destroy proofs. Brazilian-born Ghosn has been arrested in Tokyo since his November 19 arrest on suspicion of […]

Nissan informed Renault its CEO Hiroto Saikawa was not able to attend an Amsterdam meeting as he was helping Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of the automakers’ alliance, sources with knowledge of the issue informed Reuters. Renault was told by a Nissan representative this week that “Saikawa was unable to […]

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